KENNETT SQUARE, Pa. & LOUISVILLE, Ky.--(BUSINESS WIRE)--Jan. 31, 2017--
Genesis HealthCare (Genesis) (NYSE:GEN) and Kindred Healthcare, Inc.
(Kindred) (NYSE:KND), two of the largest providers of post-acute care in
the nation, today announced a strategic clinical collaboration to
improve quality, outcomes and care transitions across the post-acute
continuum. This clinical collaboration brings together Genesis as the
nation’s top skilled nursing facility provider and Kindred as one of the
leading providers of rehabilitation and post-acute care in the United
States with services that include home health, hospice, long-term acute
care (LTAC) hospitals, inpatient rehabilitation hospitals and contract
rehabilitation in acute and skilled facilities.
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“I am excited to embark on this new groundbreaking clinical relationship
with Kindred,” noted George V. Hager, Jr., Chief Executive Officer of
Genesis. “Under the new world of value-based purchasing, providers
across the continuum need to collaborate to identify ways to provide the
best care possible. Our relationship marks the first time the two
largest providers of post-acute care are working together to pave the
future for patients, payers and the healthcare system.”
“Through this collaborative relationship, Kindred and Genesis will build
upon our abilities to deliver quality, share best practices and improve
care transitions in local markets across all post-acute settings in
order to meet patients where and when they need care,” said Benjamin A.
Breier, Kindred’s President and Chief Executive Officer. “Our future
will be driven by collaborative efforts to deliver coordinated
post-acute care with other providers, enabled by technology and
data-driven care management capabilities. We believe that working with
Genesis is an important step in driving effective patient-centered care
solutions and proactively addressing the changing healthcare
Genesis and Kindred will collaborate in order to develop and implement
healthcare initiatives across the healthcare continuum with the specific
goals to improve quality care, patient safety, efficiency and
availability of healthcare services in the community. The collaboration
will utilize the clinical expertise of both entities to align patient
care across the continuum, but it does not limit each company’s
relationships with other providers. A high priority will be placed on
timely, efficient and safe care transitions for patients across
post-acute care settings. The new relationship will include
comprehensive data tracking and analysis on discharges, readmissions,
length of stay, and other key quality and episode of care statistical
information in order to develop evidence-based clinical protocols,
quality standards and benchmarks to benefit patients.
Genesis and Kindred also plan to work together to:
Promote physician collaboration and integration to improve patient
outcomes and the patient experience across the continuum of care;
Support the development of post-acute care networks based on
assessments of different patient populations and services in order to
better meet evolving patient needs in the community;
Identify ways to improve care and outcomes for specific patient
populations, including sharing data, developing shared protocols and
establishing best practices to care for these patients, in compliance
with all applicable laws, including the Health Insurance Portability
and Accountability Act;
Identify ways to better understand population health and track
patients’ episodes of care post-discharge, through improved
information technology capabilities or otherwise; and
Develop processes, guidelines and tools for post-acute care discharge
planning and care transitions for patients and their families.
Both Genesis and Kindred also offer unique non-core businesses that
improve outcomes and further patient care which the other does not
offer. For example, Genesis wholly owns CareerStaff Unlimited, a
staffing firm, and Vitality to You, which provides in-home
services through its Outpatient Therapy agencies, while Kindred
offers AfterCare for post-discharge telephonic follow-up
for LTAC hospitals and hundreds of home health and hospice operations.
Both companies will look to leverage the others’ capabilities as needed.
About Genesis HealthCare
HealthCare (NYSE:GEN) is a holding company with subsidiaries that, on a
combined basis, comprise one of the nation’s largest post-acute care
providers with approximately 500 skilled nursing centers and
assisted/senior living communities in 34 states nationwide. Genesis
subsidiaries also supply rehabilitation and respiratory therapy to
approximately 1,700 healthcare providers in 45 states and the District
of Columbia. References made in this release to “Genesis,” “the
Company,” “we,” “us” and “our” refer to Genesis Healthcare, Inc. and
each of its wholly-owned companies. Visit our website at www.genesishcc.com.
About Kindred Healthcare
Healthcare, Inc., a top-90 private employer in the United States, is a
FORTUNE 500 healthcare services company based in Louisville, Kentucky
with annual revenues of approximately $7.2 billion(1).
As of October 1, 2016, Kindred through its subsidiaries had
approximately 102,200 employees providing healthcare services in 2,702
locations in 46 states, including 82 LTAC hospitals, 19 inpatient
rehabilitation hospitals, 91 nursing centers, 19 sub-acute units, 647
Kindred at Home home health, hospice and non-medical home care sites of
service, 104 inpatient rehabilitation units (hospital-based) and
contract rehabilitation service businesses which served 1,740
non-affiliated sites of service. Ranked as one of Fortune magazine’s
Most Admired Healthcare Companies for seven years, Kindred’s mission is
to promote healing, provide hope, preserve dignity and produce value for
each patient, resident, family member, customer, employee and
shareholder we serve. For more information, go to www.kindredhealthcare.com.
You can also follow Kindred on Twitter
(1) Revenues based upon Kindred consolidated revenues for the twelve
months ended September 30, 2016.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170131006278/en/
Source: Kindred Healthcare, Inc.
Kindred Healthcare, Inc.
Susan E. Moss, 502-596-7296
Jeanne Moore, 484-949-5647